MWW Signs Alliance Agreement with Harmony
The agreement with Harmony provides for an expanded production of automotive injection and extruded products accommodating increased product offerings to MWW's automotive and industrial customers. The co-operation combining the resources of both companies in design, manufacturing and distribution is to increase market share and competitiveness in the automotive industry.
Harmony Systems supports the automotive, consumer, industrial and medical industries with world-class products for both exterior and interior automotive components. Harmony's major automotive customers are Ford, GM, Honda, Toyota, Daimler, Fiat and Chrysler.
MWW Automotive Group delivers its products, design and Class A painting services directly to select global automobile manufacturerâ€™s vehicle processing centers, distribution centers and assembly lines in the United States, Canada and Europe.
Edward Adams, president of Harmony Systems and Services, said: â€œBoth companies are extremely excited about this alliance. This partnership will allow both companies to focus on their specific strength and capabilities and share responsibilities in the relationship with our large customers and the overall design and production process.
â€œIt will produce greater depth of production flexibility, while further improving product quality, expanding our mutual customer bases and increasing overall efficiencies for both companies.â€
Chuck Pinkerton, CEO of MWW Automotive, said: â€œThe alliance with Harmony will create immediate benefits for both sides. The combination of the specialized injection molding production techniques and capabilities of Harmony and the application of these technologies to MWW products enhance our best-in-class offerings to leading automotive manufacturers in North America.
â€œThis strategic alliance aims to create a more cost-effective design, manufacturing and distribution platform that improves our companies' market share and capitalizes on new revenue-generating opportunities.â€
Will the agreement benefit the firms?
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